Only 8 percent of people actually keep their New Year's resolutions. By now, you might be teetering off your money resolution path. Hawaiian Tel Federal Credit Union can help forge an exciting money management path with its wide range of products and services. Oahu's premier credit union offers several ways you can revamp how to manage your finances this year.

Financial Resolutions to Start the Year Off Right...Again

1. Manage Debt Better

Most people are juggling several forms of debt. To help get a better grip on paying them off, start with financial obligations that have the highest interest rates. The more you pay towards the outstanding balances, the quicker you'll whittle away what you owe.

2. Make Savings Automatic

Kick your savings into high gear by arranging to have funds automatically transferred into a savings account. At your request, most credit unions and financial institutions will set up the amount you want to deposit and the preferred transaction date. Consider transferring funds into a savings account from each paycheck.

3. Set Realistic Goals

Are you trying to save for a car or a down payment on a new home? The start of a new year is the perfect time to list financial goals that are realistic to your lifestyle. Determine how much you want to save and earmark funds each month toward your goals. You can also apply the same logic for paying down credit card debt.

4. Track Spending

Keep a daily journal of how much money you spend. After a few weeks, review the data to see how much goes toward gas, morning coffee drinks, and other expenses. Pinpoint where you can scale back and consider depositing the funds you would have spent into a CD or savings account. Enrolling in a credit union online banking program is another excellent way to track spending habits.

With hundreds of millions of dollars in assets and over 50,000 members across Hawaii, Hawaiian Tel Federal Credit Union is one of the leading financial institutions in the state, with a reputation for combining personalized service with technologically advanced personal banking solutions. Learn more about their broad array of services online, follow the credit union’s Facebook, Twitter, and Instagram for news and updates, or call (808) 832-8700 on Oahu or toll-free at (800) 272-5255 with any questions.